Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.039%

Price spread now: Aster against Backpack−0.023%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.023%, 7d avg −0.016%

Together, before fees+0.241%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ASTER_USDC_PERP	0.7273	0.0100	pay 0.0013% / 1h	8m 45s	$210K	$495K	10x
Short	Aster ASTERUSDT	0.7271	0	get 0.0000% / 4h	8m 45s	$52.8M	$110.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee AsterbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$21
Price spread: −0.023% → −0.016%: −$0.7
Slippage, 4 orders: −$6.93
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$46.63
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Backpack: live order book, 50 min ago; Aster: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 50 min ago	0.07 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.38 bp	5.4 bp −$5	9.8 bp −$98	93.2 bp −$9,318	doesn't fit

ASTER on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7268	−0.066%	$255K	$1.0M	50x	as long as short
01 Exchange ASTERUSD	−0.0024%	1h	0.7266	−0.093%	$8K	$4K	10x	as long as short
Aster ASTERUSDTshort	0.0000%	4h	0.7271	−0.023%	$52.8M	$110.5M	200x
dYdX ASTER-USD	0.0000%	1h	0.7269	−0.057%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7270	−0.044%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7270	−0.037%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.611%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0067%	4h	0.7271	−0.025%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7271	−0.021%	$879K	$922K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7266	−0.092%	$354K	$272K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7274	+0.016%	$24.7M	$7.7M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7268	−0.068%	$253K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7268	−0.071%	$89.2M	$120.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7272	−0.011%	$48.8M	$25.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7271	−0.025%	$12.2M	$19.8M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7270	−0.038%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7269	−0.052%	$33.5M	$19.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7269	−0.047%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7265	−0.107%	$17.7M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7267	−0.080%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERPlong	+0.0100%	1h	0.7273	long leg	$210K	$495K	10x
Variational Omni ASTER	+0.0100%	4h	0.7256	−0.229%	$2.1M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7259	−0.190%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7263	−0.135%	$98K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7273	+0.003%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7269	−0.052%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7266	−0.093%	$241K	$141K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7268	−0.060%	$363K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7256	−0.237%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0283%	1h	0.7275	+0.028%	$344K	$590K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7272	−0.014%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7267	−0.080%	$3.5M	$2.1M	75x	as long as short